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Tablet market to hit $35 billion in 2012

by on01 March 2011

Cannibalizing netbook, notebook markets
The tablet market is expected to grow to $35 billion by 2012 and analysts believe tablets will start to eat into the PC market share.

JP Morgan believes the steep adoption rate, new operating systems and devices will continue to spur market growth in the short-term.

"We expect tablets to have an increasingly negative impact on PC shipments," analyst Mark Moskowitz told Reuters. "More than 35 percent of tablets sold in 2012 will be cannibalistic, particularly as relates to netbooks and notebooks."

Apple’s iPad will lead the charge, but new Android tablets will offer some stiff competition in coming months. Analysts forecast 2011 tablet shipments at 47.9 million units, while shipments in 2012 could come close to 80 million units.

More here.


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